What is kiwikiwifly.com escrow service? How does kiwikiwifly.com escrow service Work?
An kiwikiwifly.com escrow service is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure kiwikiwifly.com escrow service account which is only released when all of the terms of an agreement are met as overseen by the kiwikiwifly.com company.
kiwikiwifly.com escrow services are very useful in the case of a transaction where a large amount money is involved and a certain number of obligations need to be fulfilled before a payment is released like in the case of a website being built where the buyer might want confirmation of the quality of work being done before making a full payment, and the seller doesn’t want to extend a massive amount of work without any assurance that he or she will receive payment. While traditional escrow service is quite difficult and must be obtained through banks and lawyers, kiwikiwifly.com escrow service provides online escrow services at affordable rates. While the payment is 'In kiwikiwifly.com escrow service' the transaction can be safely carried out without risk of losing money or merchandise due to fraud. This eliminates all legal jargon and allows for secure transactions and confident buyers and sellers.
How does kiwikiwifly.com escrow service Work?
kiwikiwifly.com escrow service reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied.
1. Buyer and Seller agree to terms - Either the Buyer or Seller begins a transaction. After registering at kiwikiwifly.com, all parties agree to the terms of the transaction.
2. Buyer pays kiwikiwifly.com escrow account - The Buyer submits a payment by approved payment method to our secure kiwikiwifly.com escrow service Account, kiwikiwifly.com verifies the payment, the Seller is notified that funds have been secured 'In kiwikiwifly.com escrow service account'.
3. Seller ships merchandise to Buyer - Upon payment verification, the Seller is authorised to send the merchandise and submit tracking information. kiwikiwifly.com verifies that the Buyer receives the merchandise.
4. Buyer accepts merchandise - The Buyer has a set number of days to inspect the merchandise and the option to accept or reject it. The Buyer accepts the merchandise
5. kiwikiwifly.com releases funds to the Seller from the kiwikiwifly.com escrow service Account.
Why Should We Pay Online?
With dozens of other payment options available such as checks, drafts, money orders, and electronic bank transfers, one may wonder why so many people use this new method of payment. Indeed, the older payment methods are tried, tested, and a lot more comfortable for some people. However, online payment offers exclusive advantages that other payment options don’t.
When paying online, you can easily use your credit card to process a transaction much faster than the check-and-stamp method. Automated payments also mean that there are no delays or late penalties. Contrary to popular belief, it is much safer to conduct your transaction online as everything is documented, and there are no sensitive details on paper. Online payment eliminates clutter by, in some cases, eliminating the need for paper bills that require filing. It makes organizing and keeping track of payments easier and more convenient. Finally, if using online payments, many banks will provide graphs and information that help you track your spending and keep your budget on task.
There are many types of transactions that can be made online, everything from paying your phone bill to purchasing small gifts for family members. For larger transactions, though, you may want to seek the services of an escrow company. By putting your money into an escrow account, you can protect yourself from fraud.
How Does kiwikiwifly marketplace’s Escrow Service Work?
An escrow service is an arrangement in which a trusted third party handles the exchange of goods or assets between the transacting parties, ensuring safety and fair trading. kiwikiwifly marketplace is a peer-to-peer trading market where you can safely buy and sell items and services, or trade crypto in exchange for your local currency. kiwikiwifly marketplace’s escrow service safeguards every transaction, giving traders peace of mind.
Once the buyer places an order, the seller’s money or cryptocurrency will automatically be transferred from the seller’s wallet to the temporary deposit with kiwikiwifly marketplace’s escrow service. The cryptocurrencies will be held in the deposit guarantee until the transaction is successfully completed by both parties.
How does kiwikiwifly marketplace escrow service work?
Step 1: Place your order
Place an order to buy or sell cryptocurrency. The crypto will be held by kiwikiwifly marketplace temporarily until the operation is successfully completed.
Step 2: Start a conversation
Start a conversation with the seller or buyer. When you are trading with a counterpart that you do not know, we recommend that you use the chat to communicate with him/her. The chat history will be essential if there is a dispute with your counterpart and you make an appeal.
Step 3: Make the payment or release the cryptocurrencies
If you are a buyer, make the payment and notify the seller that you completed the payment. Click the "messages" button to notify the seller that you made the payment. If you are a seller, wait for the buyer's payment confirmation before releasing the items, services, or cryptocurrencies.
Step 4: The transaction was successful or the counterparty was not responding
In most cases, when everything goes smoothly, the buyer pays and the seller releases the items, services, or crypto, but what happens if the counterpart was not fair? In other words, the buyer did not transfer the money or the seller did not release the crypto after the buyer made the payment. In these cases, you need to open an appeal, click on the "appeal" button. Now is when the escrow service comes into play and this is why the crypto was temporarily held.
How does kiwikiwifly marketplace escrow service help crypto sellers?
If the money buyer did not make the payment, kiwikiwifly marketplace's escrow service will return the funds to the seller when the time for negotiation is over.
How does kiwikiwifly marketplace escrow service help buyers?
If the buyer made the payment but the seller did not release the cryptocurrency, the buyer can open an appeal to notify kiwikiwifly's customer service that the counterparty did not release the crypto. If you are the buyer, please provide as much evidence as you can, receipt of payment, or screenshots of the conversation you had with the seller, and once our customer service confirms the payment is made, we can release the crypto to your account.
Why is the escrow service so important?
The escrow service protects kiwikiwifly marketplace’s users from scammers. If a user tries to convince you to make a deal outside the kiwikiwifly platform, ignore the suggestion and open an appeal. If you make a deal outside the platform we cannot protect you.
Imagine that you want to buy cryptocurrencies and you find an offer at a competitive price but the seller seems new to the platform, with zero completed orders. How can you be sure that the seller will transfer the cryptocurrency to your wallet?
The escrow service aims to solve this type of situation, by holding the cryptocurrency in a deposit. When there is no agreement and the counterpart opens an appeal, kiwikiwifly’s customer service will analyze both the buyer's and the seller's stories. If the buyer wins the appeal, the cryptocurrency will be released to his wallet. However, if he loses the appeal, the cryptocurrency will go to the seller’s wallet.
While the money or cryptocurrency is in the deposit, users can trade safely without the risk of losing money. Whatever amount of money you trade, all amounts are important to kiwikiwifly marketplace.
Frequently Asked Questions about the kiwikiwifly marketplace escrow service
What happens if, after making the payment, the seller does not answer and does not release the items, services, or cryptocurrency?
The buyer can file an appeal if the seller is not responding to chat messages or not releasing the items, services, or cryptocurrency. Our customer support team will evaluate the situation, contact both parties, and release the crypto to the fair party.
When an appeal is opened, how long will the funds be frozen?
Our customer service works 24/7. The funds will be unblocked as soon as the dispute between the parties is resolved and this depends on the complexity of each case and the verification of the evidence provided by both parties. The waiting time can range from a couple of hours to days.